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| Provider | Service type | Compensation |
|---|---|---|
PRINCIPAL LIFE INSURANCE COMPANY6+ years Service code 13 · EIN 42-0127290 | Contract Administrator | $74,843 |
Service code 27 · EIN 47-1411118 | Advisory (Plan) | $33,226 |
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $87,631 | $73,638+19.0% | $95,956-8.7% | $73,493+19.2% |
| Participation rate | 95.9% | 76.2%+19.8pp | 77.1%+18.8pp | 70.7%+25.2pp |
| Annual return | 17.05% | 16.78%+0.3pp | 91.63%-74.6pp | 28.51%-11.5pp |
| Employer contribution / active EE | $612 | $1,863-67.2% | $2,541-75.9% | $2,270-73.1% |
| Participant deferral / active EE | $5,101 | $3,617+41.0% | $4,167+22.4% | $3,740+36.4% |
| Admin fee / account holder | $323 | $482-33.1% | $6,797-95.3% | $513-37.1% |